Current: 5,226 (April futures: 5,257);
The index direction will be determined by the credit policy. It could swing between 5,100, or 5,350. A long strangle of long 5,100p (29) and long 5,400c (24) is worth holding. It could double in value on a big swing.
Current: 10,432 (April futures: 10,499);
The financial index may open high. If the credit policy is bullish, it will rise till 10,625-10,650. If the policy disappoints, it could fall till 10,150. Use 10,350, as an initial stop-loss and go long. Move the stop-loss up by 100 points for every 100-point gain. If the stop is broken, reverse and go short.
Current price: Rs 300;
Target price: Rs 315
The stock has the potential to rise till Rs 315 in the next three-five sessions. Keep a stop at Rs 293 and go long. Add to the position between Rs 305 and Rs 310. Book profits above Rs 315. If Rs 293 is broken, it will fall till Rs 284.
Current price: Rs 95;
Target price: Rs 91
The stock is in a downtrend which could see it test support at 91 and if that is broken, it could fall till Rs 83. Keep a stop at Rs 97 and short. Add to the position between Rs 92.5 and Rs 93.5. Book partial profits at Rs 91 and hold the rest for a three session target of Rs 83.
Current price: Rs 80;
Target price: Rs 84
The stock could move till Rs 84-85, if it cross resistance at Rs 81. If the credit policy disappoints, it may slide back till Rs 75-76. Keep a stop at Rs 78 and go long. Add to the position between Rs 81 and Rs 82. Book profits above Rs 84. If the stop at Rs 78 is broken, consider a reversal and short with a target of Rs 76.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated